Jindal Steel Ltd. Sees 12.41% Surge in Open Interest, Reaching 45,883 Contracts

Jindal Steel Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the derivatives market. The latest open interest stands at 45,883 contracts, up from the previous open interest of 40,818 contracts, marking a change of 5,065 contracts or a 12.41% increase. This surge coincides with a trading volume of 34,405 contracts, indicating robust participation in the market.
In terms of financial metrics, Jindal Steel's futures value is approximately Rs 79,289 lakhs, while the options value is reported at Rs 14,245,973,150, bringing the total value to around Rs 80,533 lakhs. The underlying value of the stock is noted at Rs 1,011.

On the performance front, Jindal Steel's stock has shown a slight increase of 0.07% today, which is in line with the sector's performance of 0.17%. However, it has been noted that the stock has not experienced any consecutive falls recently. The stock's liquidity remains adequate for trades sized at Rs 2 crore, based on 2% of the five-day average traded value.

In summary, the notable rise in open interest for Jindal Steel Ltd. highlights increased trading activity, while the stock's performance metrics reflect its current standing within the ferrous metals industry.